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The beginning inventory of Norcal Wholesalers was $117,000, and the ending inventory is $98,919. What entries are needed at the end of the fiscal period

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The beginning inventory of Norcal Wholesalers was $117,000, and the ending inventory is $98,919. What entries are needed at the end of the fiscal period to adjust Merchandise Inventory? View transaction list 1 Record an adjusting entry for beginning inventory. 2 Record an adjusting entry for ending inventory. Credit Note : journal entry has been entered

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